SEC Form 4 · accession 0001333493-17-000044
eHealth, Inc. · EHTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom G. Tsao
Officer — President, Small Business
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 4:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333493
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 31, 2017 | F | 2,349 | $12.04 | D | 52,870 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2 | $0.00 | Mar 31, 2017 | A | 15,000 | A | — | Mar 31, 2021 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Represents the withholding of shares to satisfy tax withholding obligation.
- F2The performance-based restricted stock units will be eligible to vest during a four-year performance period following the award's grant date based on the company's stock price trading at a certain pre-determined price thresholds. Once a price is achieved, the portion of the award related to that threshold will vest one year later, subject to Mr. Tsao's continuing to provide services to the company through the applicable vesting date. Mr. Tsao's employment with the company is scheduled to terminate effective April 7, 2017, and his equity awards would cease vesting as a result.